Table 6-2 On December 31, a Physical Count Reveals 80 Units in
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question 71

Multiple Choice

Table 6-2 $\begin{array} { | l | l | } \hline \text { Manuary } 1 \text { inventory balance } & 100 \text { units at } \$ 10 \text { per unit } \\\hline \text { March } 2 \text { purchase } & 50 \text { units at } \$ 11 \text { per unit } \\\hline \text { July } 8 \text { purchase } & 80 \text { units at } \$ 10 \text { per unit } \\\hline \text { November } 15 \text { purchase } & 30 \text { units at } \$ 12 \text { per unit } \\\hline\end{array}$ On December 31, a physical count reveals 80 units in ending inventory.
-Referring to Table 6-2, the cost of ending inventory using the periodic weighted-average-cost method rounded to the nearest whole number would be:

• A)$1,910.
• B)$860.
• C)$834.
• D)$850.

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Definitions:

Potential Energy

The energy possessed by an object due to its position, condition, or structure, such as a rock at the top of a hill or water held behind a dam.

Energy Quality

Energy Quality refers to the ability of a form of energy to perform work; higher quality energies are more easily used to perform work effectively.

Electricity

The set of physical phenomena associated with the presence and motion of electric charge, used as a form of energy.

Ionizing Radiation

Radiation with enough energy to remove tightly bound electrons from atoms, thus creating ions, and can lead to chemical changes and damage biological tissues.